PERU

By Narayan Ammachchi Peru’s currency has fallen in value, with the U.S. dollar now worth over three soles, as the Andean country struggles to narrow the trade deficit amid decreasing demand for its copper in the global marketplace. Slowing domestic consumption ...

By Duncan Tucker With its carefully groomed parks, busy streets and dramatic cliffs overlooking the Pacific Ocean, Miraflores is one of Lima’s most popular neighborhoods among tourists, expats and locals alike. Lima remains very much the center of Peru’s tech ...

By Duncan Tucker One of Latin America’s oldest and most respected software development firm’s – Belatrix – has opened a delivery center in Buenos Aires and acquired a local recruitment firm to aid its expansion into the capital city. The Buenos ...

By Narayan Ammachchi Argentine software firm Globant has expanded its operations to Peru with the launch of a delivery center in Lima. The Buenos Aires-based firm stated that the expansion not only bolsters its Latin American presence but also “decentralize(s) opportunities ...

By Narayan Ammachchi Peru is set to raise money in bond markets and increase public spending in an attempt to stimulate the economy that is quickly shrinking due to decreased demand for commodities in the overseas market. Finance Minister Alonso ...

By Narayan Ammachchi Weak consumer demand and low commodity prices seem to be dealing a heavy blow to the majority of Latin American economies. The latest estimation by international ratings agency Fitch says corporate credit quality in the region appears unlikely ...

By Narayan Ammachchi The Peruvian government is preparing to build a 1,340-kilometer (832-mile) railroad linking the northern town of Piura with the southern Pisco-producing region of Ica. One of the largest infrastructure programs ever undertaken in the country, the railroad ...

By Alex Pashley Over a century’s resource extraction has inflicted visible wounds that abrasively come into view as you fly into Puerto Maldonado, the humid capital of Peru’s Madre de Dios region. Hosting up to 15 percent of the world’s ...

By Duncan Tucker In order for any country or region to fulfill its economic potential it is crucial to integrate as much of the population as possible into the formal financial system. Financial inclusion helps governments to increase tax revenue, ...

By Narayan Ammachchi CinePapaya, a Peruvian tech start-up that lets moviegoers purchase tickets online and via mobile devices has received US$2 million in investment from Brazilian Internet firm Movile. The funds will be used to enter new markets, hire new staff, and ...